enforceable undertaking

Financial planning

A Victorian adviser has agreed not to provide financial services for a year under the terms of an EU with ASIC....

Accounting

The former director of an accountancy firm has been banned by ASIC for being part of a scheme which raised funds from clients for mezzanine finance and mortgage lending....

Financial planning

Unlicensed lender banned

A Sydney-sider who made investment recommendations to clients without holding an Australian Financial Services Licence (AFSL) has been banned from providing financial ser...

Financial planning

ASIC accepts EU from Aurora

ASIC has accepted an enforceable undertaking (EU) from Aurora as part of the regulator’s wider surveillance of the hedge fund sector....

Superannuation

ASIC takes alleged SMSF spruiker to court

The Australian Securities and Investments Commission (ASIC) has taken its case against a property company to the Supreme Court, arguing the group is spruiking the use of ...

Financial planning

Macquarie posts solid half year results

The Macquarie Group has announced a $678 million half year profit with its banking and financial services and managed funds business contributing heavily to the group’s p...

Financial planning

Adviser registry start date and funding model confirmed

The Federal Government has set a date for the rollout of its public adviser registry, which licensees will fund via increased lodgement fees up to $44. ...

Financial planning

ASIC tightens approach on EUs

ASIC has confirmed it has tightened its approach on enforceable undertakings in the wake of those applying to Commonwealth Financial Planning and Macaquarie Private Wealt...

Financial planning

ASIC highlights Macquarie’s advice and record keeping failures

Regulator claims Macquarie Equities Limited (MEL) had “very poor” record keeping and lack of detail in its advice documents....

Financial planning

ASIC pursues former Macquarie advisers

ASIC will investigate former financial advisers with the Macquarie group which is to contact 160,000 clients who received advice over the past decade about the possible p...

Financial planning

ASIC enforcement report skirts headlines

ASIC’s enforcement report for the first six months of this year appears to have skirted the issues that made the biggest headlines....

Financial planning

ASIC accepts EU from PGW

ASIC has accepted an enforceable undertaking (EU) from PGW Financial Services....

Financial planning

PIS gets thumbs up at conclusion of monitoring program

PIS has completed a monitoring program with ASIC stating the group had made significant improvements in compliance and audit functions...

Policy & Regulation

Macquarie says its on track on EU

Macquarie has used its AGM to claim it is on track in meeting the terms of its 2013 Macquarie Private Wealth enforceable undertaking....

Policy & Regulation

Scandalous headline culture changing advice

Coverage of the Commonwealth Bank planning saga has clients believing the events happened “yesterday”, placing increasing pressure on advisers to justify their value prop...